It’s also pretty telling that all the crypto stuff is always measured in dollars. That said using usd does overall make money for the US by seigniorage.
That’s what I always tell people. A bitcoin or etherium or dogecoin or whatever they have is essentially valueless because it can’t be exchanged easily for goods and services. 100% of it’s value is derived from how much real, useable money you can exchange it for and nothing else.
It’s also pretty telling that all the crypto stuff is always measured in dollars. That said using usd does overall make money for the US by seigniorage.
That’s what I always tell people. A bitcoin or etherium or dogecoin or whatever they have is essentially valueless because it can’t be exchanged easily for goods and services. 100% of it’s value is derived from how much real, useable money you can exchange it for and nothing else.
Lol thx, I thought it was a typo